The Central Government is bound to present the 'Annual Financial Report Statement' as per _______________of the Constitution of India.

Correct option is B

The correct answer is (B) Article 112.

Explanation:
Article 112 mandates the Central Government to present the Annual Financial Statement (Budget) to Parliament, outlining estimated receipts and expenditures for a financial year.

Incorrect options explanations:

• Article 110: Deals with Money Bills related to financial matters.
• Article 113: Relates to discussions on demands for grants.
• Article 111: Covers the President's assent to Bills.

Information booster:

• Budget: Divided into Revenue Account and Capital Account.
• Requires parliamentary approval through Appropriation and Finance Bills.
• Ministry of Finance (2025): Prepares the budget.
  • Finance Minister (2025):Nirmala Sitharaman.
• Union Budget 2024–25: Focused on tax reforms and capital investments.